SK hynix launches U.S. IPO aiming to raise $28 billion to fuel chip production
South Korea’s SK hynix plans a massive U.S. IPO, offering American depository receipts to raise nearly $28 billion amid soaring AI-driven memory chip demand.
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Anthropic Commits $19 Billion for 20-Year Lease at TeraWulf AI Data Center
Anthropic will lease a new TeraWulf data center in Kentucky for 20 years, marking a $19 billion commitment to advance AI infrastructure development.
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Bethesda and Xbox face deep layoffs as union calls for end to profit-driven cuts
Microsoft’s Xbox division announced thousands of layoffs impacting Bethesda and other studios, sparking union criticism over ongoing workforce reductions aimed at boosting profits.
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Bethesda Shifts Focus to Core Franchises Amid Widespread Xbox Layoffs
Bethesda’s leadership signals a strategic pivot towards its strongest game franchises as layoffs impact multiple studios, reshaping the company’s future development priorities.
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Hedge Fund’s Custom AI Surpasses GPT by Using Proprietary Investment Data
Bridgewater Associates and AI startup Thinking Machines Lab unveiled a tailored AI model that outperforms general-purpose systems on complex financial analysis at a fraction of the cost.
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Sky’s Acquisition of ITV Signals Major Shift in UK Media Landscape and Streaming Strategies
Sky’s £1.6 billion purchase of ITV unites free-to-air and subscription media, reshaping competition with global streaming giants like Disney+ in the UK.
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Tesla’s Upcoming Earnings Call Poised to Show Significant Growth in Vehicle Deliveries and FSD Revenue
Tesla’s latest quarter saw record vehicle deliveries, boosted Full Self-Driving sales, and expanding subscription revenue, setting the stage for a strong upcoming earnings report.
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Novartis Acquires Myricx Bio to Advance Novel Cancer Treatments Amid Push for Diverse Clinical Trials
Novartis invests over $1 billion to expand antibody-drug conjugate therapies while congressional Republicans advocate for maintaining FDA requirements to diversify clinical trials.
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Apple and Broadcom Extend Semiconductor Partnership Through 2031
Apple and Broadcom have agreed to prolong their chip supply agreement until 2031, reinforcing their collaboration on wireless and networking components vital to Apple's products.
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SK Hynix Targets U.S. Investors with $29 Billion AI-Focused IPO
South Korean chipmaker SK Hynix plans a $29 billion U.S. IPO to tap into AI demand and challenge American rivals in the competitive semiconductor market.
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How Dotmatics Is Positioned to Transform AI Adoption in Scientific Research
Dotmatics tackles the complex challenge of integrating AI into scientific research, bridging the gap between raw AI outputs and the rigorous demands of life sciences organizations.
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Red Rover Interactive Announces Layoffs Despite Enginefall’s Steam Next Fest Success
Red Rover Interactive revealed staff layoffs at its Norway and UK offices even after strong public response to its game Enginefall during Steam Next Fest.